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ZIMSEC O-Level Business Enterprise and Skills

7.7.2Types of markets

Types of markets in ZIMSEC O-Level Business Enterprise and Skills: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic32 practice questions2 lessons

Overview

Form 2: physical and virtual, local, regional and global markets; foreign markets.

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.7.2.1Identify and explain types of markets and the features of physical and virtual markets.
  2. 7.7.2.2Discuss the advantages and disadvantages of physical and virtual markets.
  3. 7.7.2.3Evaluate the benefits and challenges of foreign markets and suggest ways of reducing the challenges.

Lessons

  • Entering foreign markets: opportunities, problems and solutions

    35 min

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  • Types of markets: physical, virtual, local, regional and global

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Types of markets: sample question

1 mark

Which is a reason why selling in foreign markets can spread risk?

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